KUALA LUMPUR (March 4): theedgemalaysia.com highlighted four stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.
The stocks with positive momentum were:
Divfex Bhd — up half a sen or 3.85% to 13.5 sen;
Rimbunan Sawit Bhd — up one sen or 4.65% to 22.5 sen;
TDM Bhd — down 1.5 sen or 5.88% to 24 sen;
TWL Holdings Bhd — up half a sen or 14.29% to four sen.
The stocks with negative momentum were:
Oriental Food Industries Holdings Bhd — up 11 sen or 5.88% to RM1.98;
Seng Fong Holdings Bhd — up 3.5 sen or 4.09% to 89 sen;
White Horse Bhd — up nine sen or 12.16% to 83 sen.
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com